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✅ For applicability of GSTR 9 and 9C in 21-22 – Aggregate Turnover limit of FY 2021-22 to be considered ( 2Cr / 5 Cr limit ) and not previous year ( 2020-21) ✅Auto Population in GSTR 9 is only…
Tata Group has approached the Bombay High Court seeking to contest a Rs 1,500-crore goods and services tax (GST) notice from the Directorate General of GST Intelligence (DGGI). The claim relates to a 2017 dispute settlement with NTT Docomo, sources…
The compensation cess on sin goods and luxury items such as liquor, automobiles, aerated water, cigarettes and other tobacco products, is scheduled to end by March 31, 2026, but cess on coal may continue in some form beyond that deadline…
In a major relief to Xiaomi Technology India Pvt Ltd, the Karnataka High Court has set aside Income Tax’s seizure order of Rs 3,700 crore of the company’s fixed deposits. Justice S R Krishna Kumar in his judgment on December…
Traders, mostly those operating on a low-scale, are hopeful that the State Government will do away with the practice of Test Purchase carried out by the Commercial Taxes Department, under provisions of the Goods and Services Tax. In Tiruchi district,…
The goods and services tax (GST) authorities have issued around 50,000 show-cause notices (SCN) to several companies and partnership firms across sectors, including real estate and jewellery, following the findings of an audit exercise they started earlier this financial year.…
The panel of state ministers set up by the GST Council to look into taxation of online gaming and casinos on Thursday submitted its report to Finance Minister Nirmala Sitharaman. The GST Council, chaired by Sitharaman, may take up the…
A number of contractors executing the work of the Electricity Department have complained that they are unable to get input tax credit for the Goods and Services Tax (GST) which they pay for purchasing any input material and equipment related…
Introduction: Doctrine of “Legitimate Expectation” as the name suggest is something which can be reasonably or legitimately expected by someone without having any legal rights attached thereto. There is no statutory definition prescribed for the term ‘Legitimate Expectation’ under any…
The 48th GST Council meeting, which is scheduled to take place on December 17, is unlikely to take any major rate cut decisions. Stating this, government sources have told Business Today Television that the GST fitment panel has recommended only…